The Hindu Business Line : Saturday, December 09, 2006

Sensex sheds 173 points
Selling pressure caused the BSE Sensex to shed 172.54 points or 1.23 per cent to close at 13,799.49 on Friday. The NSE S&P CNX Nifty ended low 53.35 points or 1.33 per cent to close at 3,962. The market succumbed to heavy selling on hectic profit More

Teledata to hive off marine, tech units
Teledata Informatics Ltd plans to split itself into three entities for better management of its businesses. The company provides IT solutions in five verticals - marine, education, utilities, technology and communication and ... More

Oracle's open offer for i-flex: Regulatory angle
The open offer announcement by Oracle Global (Mauritius) enhancing the offer size (apart from the offer price) from 20 per cent to 34.14 per cent falls within the regulations spelt out in the SEBI Takeover Code. If the open offer is successful, ... More

Govt will stand by SBI's capital-raising efforts
`Stake in PSBs will not be below 51 pc' More

Bajaj Auto: Betting on new moves
Marketmen are closely tracking Bajaj Auto, which on Friday dipped 2.28 per cent on the NSE, because of the company's plan to enter higher segments of two-wheelers and deepen its penetration into areas that are growing rapidly. Some analysts ... More

Tata Tea turns active
Fundamental reasons drawing strength from the company's growth programme are seen to be driving the Tata Tea counter. The stock, which declined 0.87 per cent to close at Rs 749.75 on Monday on improved volumes, has seen a number of developments ... More

TECHNICAL ANALYSIS
Bear Domination
Bears dominated Friday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull move on Monday is likely to change the sentiment reading in its favour. On the contrary, the prevailing bearish sentiment is likely ... More

STOCK EXCHANGES
Regional bourses to seek more time for demutualisation
Exchanges are exploring a two-part effort to put together a viable business model More

COMMENTARY
Oil, metal decline; power, 2nd rung IT stocks gain
Taking cues from the globalscenario, the domestic markets turned weak for the last trading day of the week. For the past few days, Sensex failed to close firmly past 14,000 points on account of profit booking at higher levels indicating a weak ... More

IPOS
Ess Dee, Nissan Copper IPOs get good response
The initial public offering of Ess Dee Aluminium has been subscribed 32.5 times at 7.30 p.m. on the last day of book building. The QIB portion was subscribed 9.68 times, while the retail individual portion received a low response and was ... More

ECONOMIC OFFENCES
Govt promises to reallocate shares to IPO scam victims
`Persons involved in scam have been caught and punished' More